Comparative balance sheets for 2024 and 2023 and a statement of income for 2024 are given below for Metagrobolize Industries. Additional information from the accounting records of Metagrobolize also is provided.

METAGROBOLIZE INDUSTRIES
Comparative Balance Sheets
December 31, 2024 and 2023
($ in thousands)
	2024	2023
Assets
Cash	$ 470	$ 220
Accounts receivable	530	280
Inventory	680	395
Land	700	620
Building	800	800
Less: Accumulated depreciation	(200)	(170)
Equipment	2,950	2,690
Less: Accumulated depreciation	(334)	(300)
Patent	1,900	2,000
	$ 7,496	$ 6,535
Liabilities
Accounts payable	$ 780	$ 630
Accrued liabilities	240	215
Lease liabilityland	130	0
Shareholders' Equity
Common stock	2,640	2,500
Paid-in capitalexcess of par	600	545
Retained earnings	3,106	2,645
	$ 7,496	$ 6,535

METAGROBOLIZE INDUSTRIES
Income Statement
For the Year Ended December 31, 2024
($ in thousands)
Revenues
Sales revenue	$ 3,123
Gain on sale of land	75	$ 3,198
Expenses
Cost of goods sold	980
Depreciation expensebuilding	30
Depreciation expenseequipment	412
Loss on sale of equipment	20
Amortization of patent	100
Operating expenses	600	2,142
Net income		$ 1,056

Additional information from the accounting records:

1. Annual payments of $20,000 on the finance lease liability are paid each January 1, beginning in 2024.
2. During 2024, equipment with a cost of $420,000 (90% depreciated) was sold.
3. The statement of shareholders equity reveals reductions of $195,000 and $400,000 for stock dividends and cash dividends, respectively.

Required:

Prepare the statement of cash flows for Metagrobolize Industries using the indirect method.

Note: Enter your answers in thousands (i.e., 10,000 should be entered as 10).) Amounts to be deducted should be indicated with a minus sign.